Draghi downplays concerns about Basel III implementation

04/17/2011 | Nasdaq.com

Mario Draghi, chairman of the Financial Stability Board, said regulators are not finding major differences in the way banks are adopting Basel III capital rules. "We are not observing any flagrant deviation" in implementation, he said. "Banks understand that serious capital requirements are fundamental in doing business." However, European policymakers continue to voice concerns that US banks will delay Basel III implementation.

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